The U.S. Small Business Administration offers support for veterans as they enter the world of business ownership. Look for funding programs, training, and federal contracting opportunities. Here is a list of such services. (Links are provided by the SBA.)
Office of Veterans Business Development (OVBD)
Office of Veterans Business Development (OVBD)
Devoted exclusively to promoting veteran entrepreneurship, the OVBD facilitates the use of all U.S. Small Business Administration (SBA) programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors.
SBA programs provide access to capital and preparation for small business opportunities. They can also connect veteran small business owners with federal procurement and commercial supply chains.
The Veterans Business Outreach Center Program is an OVBD initiative that oversees Veterans Business Outreach Centers (VBOC) across the country. This small business program features a number of success stories and offers business plan workshops, concept assessments, mentorship, and training for eligible veterans.
Funding for veteran-owned small businesses
You can use SBA tools like Lender Match to connect with lenders. In addition, SBA makes special consideration for veterans through several programs.
- The Military Reservist Economic Injury Disaster Loan Program (MREIDL): Provides loans of up to $2 million to cover operating costs that cannot be met due to the loss of an essential employee called to active duty in the Reserves or National Guard.
Veteran entrepreneurship training programs
SBA programs feature customized curriculums, in-person classes, and online courses to give veterans the training to succeed. These programs teach the fundamentals of business ownership and provide access to SBA resources and small business experts.
- Boots to Business: An entrepreneurial program offered on military installations around the world and a training track of the U.S. Department of Defense Transition Assistance Program (TAP). Boots to Business Reboot extends the entrepreneurship training offered in TAP to veterans of all eras in their communities. Boots to Business Revenue Readiness is available after completion of Boots to Business or Boots to Business Reboot and provides a six-week virtual program that prepares participants to take their business idea from concept to an executable business model.
- Women Veteran Entrepreneurship Training Program (WVETP): Provides entrepreneurial training to women veterans, women service members, and women spouses of service members and veterans as they start or grow a business. SBA funds these entrepreneurship training programs available exclusively for women veterans through grantees:
- IVMF – Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE)
- Service-Disabled Veteran Entrepreneurship Training Program (SDVETP): Provides entrepreneurship training program(s) to service-disabled veteran entrepreneurs who aspire to be small business owners or currently own a small business. SBA funds entrepreneurship training programs for service-disabled veterans through grantees:
- IVMF – Entrepreneurship Bootcamp for Veterans with Disabilities (EBV)
- Veterans Entrepreneurship Program (VEP) – Riata Center for Entrepreneurship, Spears School of Business at Oklahoma State University
- Entrepreneurship Bootcamp for Veterans – St. Joseph’s University – St. Joseph’s University
- Dog Tag Inc.
- Veteran Federal Procurement Entrepreneurship Training Program (VFPETP): Delivers entrepreneurship training to veteran-owned and service-disabled veteran-owned businesses nationwide interested in pursuing, or already engaged in federal procurement.
Government contracting programs for veterans
Every year, the federal government awards a portion of contracting dollars specifically to businesses owned by military veterans. Also, small businesses owned by veterans may be eligible to purchase surplus property from the federal government.
Check out the rules of eligibility for these government contracting programs for veterans.
Military spouse resources
Military spouse entrepreneurs and business owners have access to the same small business programs and resources that are available to service members and veterans. Find training, counseling, access to capital, and contracting resources.
Links to More Veterans Business Development Resources | 2021
Content
- Veterans, Service Members, and Military Spouses
- Women Veterans
- Service-Disabled Veterans
- Reserve and National Guard Members
- Resource Partners
- Other Government Resources
- Federal Advisory Committees
- Other SBA Resources
- Grant Opportunities and Documents
Veterans, Service Members, and Military Spouses
- Boots to Business
- Boots to Business Reboot
- Veterans Business Outreach Center (VBOC) Program
- Veteran Institute for Procurement (VIP)
- Resources for Military Spouses
- Veteran Owned Small Business Growth Training Program
Women Veterans
- WVETP Grant Announcement – Q&A Conference Call
- IVMF – Women Veterans Igniting the Spirit of Entrepreneurship (V-WISE)
- Lift Fund – Women Veteran Entrepreneurship Program
- Boots to Business Reboot
- Veteran Institute for Procurement (VIP)
- ONABEN – Beyond the Boots: A Veteran and Service Member Initiative
Service-Disabled Veterans
- Dog Tag, Inc. Fellowship Program
- Spears School of Business at Oklahoma State University – Riata Center for Entrepreneurship
- IVMF – Entrepreneurship Boot Camp for Veterans with Disabilities (EBV)
- St. Joseph’s University – Entrepreneurship Bootcamp for Veterans
- Boots to Business Reboot
- Veteran Institute for Procurement (VIP)
Reserve and National Guard Members
- Military Reservist Economic Injury Disaster Loan program (MREIDL)
- Veterans Business Outreach Center (VBOC) Program
- Boots to Business Reboot
- Dog Tag, Inc. Fellowship Program
- Veteran Institute for Procurement (VIP)
Resource Partners
- SCORE
- Women’s Business Centers
- Small Business Development Centers
- National Veteran Small Business Coalition (NVSBC)
- U.S. Chamber of Commerce Foundation: Hiring Our Heroes
Other Government Resources
- Surplus Personal Property for Veteran-Owned Small Business programs
- U.S. Department of Labor Veterans Programs
- The Federal Office of Small and Disadvantaged Business Utilization (OSDBU)
- EEOC Small Business Resource Center
- Report – Financing Their Future: Veteran Entrepreneurs and Capital Access
Federal Advisory Committees
- Interagency Task Force on Veterans Small Business Development
- Advisory Committee on Veterans Business Affairs
Other SBA Resources
- SBA’s Government Contracting Classroom
- SBA Offices and Program Locator
- Veterans Business Development Officers
Grant Opportunities and Documents
- OVBD Grant Documents
- Grants.gov
- General Services Administration – Schedules
- System for Award Management
Photo: GettyImages | The content found on this list are provided by the U.S. Veterans Administration.